Union Budget 2025 Reactions | Fostering skill development will empower India towards global leadership in technology, says Kartik N, CEO-Staffing, TeamLease

Kartik said, 'Budget 2025 is set to accelerate strengthening of local value addition, PLI expansion, and component manufacturing, while also providing a big boost to employment through new jobs and apprenticeships.'

Finance Minister Nirmala Sitharaman tabled the much-anticipated Union Budget for FY26 in the Lok Sabha on February 1, in a speech which lasted for 74 minutes.

Kartik N, CEO-Staffing, TeamLease said, "India’s domestic electronics manufacturing is on a rapid growth trajectory, with production surging from Rs 1.9 lakh crore in FY15 to ₹9.52 lakh crore in FY24. Budget 2025 is set to accelerate this momentum by strengthening local value addition, PLI expansion, and component manufacturing, while also providing a big boost to employment through new jobs and apprenticeships. By reducing import dependence and fostering skill development, this is a step in the right direction—powering India towards self-reliance and global leadership in technology."

Union Budget 2025 | Nirmala Sitharaman, as Finance Minister, presented her record 8th Union Budget this time. While inflation has burnt a hole in the pockets of 'aam janata', the Modi govt gave income tax relief for those making up to Rs 12 lakh per year in salaried income. Track the latest coverage, live news, in-depth opinions, and analysis only on Deccan Herald. Also follow us on WhatsApp, LinkedIn, X, Facebook, YouTube, and Instagram.